Previously Bonded

[Carboholic]

I was previously bonded by the same company for over 8 years, but now they've dropped me due to my personal credit. I'm trying to get this bond replaced, but it seems like it would cost a whole lot more. Why can't I find rates comparable to what I had originally paid before?

[Hamburglar]

Unfortunately the bond premiums are based upon the applicant's personal credit/history. Since your credit has dropped and you are getting much higher quotes to replace your bond - you are more than likely being placed within a high risk market. If you can improve on your credit - your current quotes for a higher premium could be reduced at renewal time.